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But very soon it would reach an equilibrium. All billionaires are at their desired space, with jacked up price (to create a price 'moat'), paying much more tax
by achow 8y ago
But very soon it would reach an equilibrium. All billionaires are at their desired space, with jacked up price (to create a price 'moat'), paying much more tax than previous owners..
It can work.
- jbob2000 8y agoNo. What will happen is billionaires will capture all the space, everyone else will move out and lose all their money (property is the biggest asset most people have), then the billionaires value their land for pennies and hire security to keep people away.
- Fauntleroy 8y agoHow are you optimistic enough to think that billionaires would just stop at some reasonable amount, instead of taking as much as they possibly could?